Buy Zinc AUG @ 392 SL 389 TGT 395-397. MCX - Kedia Advisory
ALUMINIUM
BUY ALUMINIUM AUG @ 354 SL 351 TGT 357-359. MCX
Observations
Aluminium trading range for the day is 348.9-359.5.
Aluminium rose as exchange inventories of the lightweight metal continue to be depleted.
Overall LME aluminium inventories are the lowest this century at 254,900 tons, with available or on-warrant stocks the lowest since April 2025.
In China, there was a 13,000-ton draw on Shanghai Futures Exchange aluminium stocks last week.
COPPER
BUY COPPER AUG @ 1372 SL 1365 TGT 1380-1388. MCX
Observations
Copper trading range for the day is 1359.6-1389.2.
Copper prices gained amid supply concerns and tight inventories outside the U.S.
The Yangshan copper premium, fell to $101 a ton on Friday, its lowest since July 20.
The share of available Chinese-origin copper stocks in LME dropped to 42% in July from 59% a month earlier
ZINC
BUY ZINC AUG @ 392 SL 389 TGT 395-397. MCX
Observations
Zinc trading range for the day is 386.2-397.8.
Zinc gains amid easing US Iran tensions and LME available zinc stocks were at the lowest since December
Support also seen as heavy rainfall and flooding in parts of China raised concerns over potential disruptions to mining, smelting operations.
Zinc smelter in Central China plans to carry out routine maintenance in August, which is expected to last around half a month, affecting output by 1,000-1,500 mt.
